Oil drilling ban in Lofoten sets precedent for high-income, fossil fuel producing countries to manage their decline of fossil fuel production

August 5, 2023By Silje LundbergFeatured, North Sea, Press Releases

This weekend, The People’s Action for an Oil-Free Lofoten, Vesterålen, and Senja, Folkeaksjonen, is closing the chapter on a successful decades’ long campaign to protect the area’s waters from oil drilling. The victory is a first step for Norway and other wealthy fossil fuel producers around the world that must lead in ending all new fossil fuel development and manage a decline of existing production.

World Bank Group Funds Fossil Fuel Exploration

April 14, 2016By Alex DoukasBlog Post, Featured, Reports

The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group’s total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.